Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Plaza Wires IPO is a book build issue of ₹71.28 crores. The issue is entirely a fresh issue of 1.32 crore shares of ₹71.28 crore.
Plaza Wires IPO bidding started from Sep 29, 2023 and ended on Oct 5, 2023. The allotment for Plaza Wires IPO was finalized on Oct 9, 2023. The shares got listed on BSE, NSE on Oct 12, 2023.
Plaza Wires IPO price band is set at ₹54.00 per share . The lot size for an application is 277. The minimum amount of investment required by an retail is ₹14,127 (277 shares). The lot size investment for sNII is 14 lots (3,878 shares), amounting to ₹2,09,412, and for bNII, it is 67 lots (18,559 shares), amounting to ₹10,02,186.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Plaza Wires IPO RHP for detailed Information.
| IPO Date | September 29, 2023 to October 5, 2023 |
| Listing Date | October 12, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Issue Price Final | ₹54 per share |
| Lot Size | 277 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,32,00,158 shares (aggregating up to ₹71.28 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 4,37,52,078 shares |
Plaza Wires IPO offers total 1,32,00,158 shares. Out of which 99,00,257 (75.00%) allocated to QIB, 61,96,213 (46.94%) allocated to QIB, 19,79,996 (15.00%) allocated to NII, 13,19,905 (10.00%) allocated to RII and 37,04,044 (28.06%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 99,00,257 (75.00%) | NA |
| − Anchor Investor Shares Offered | 37,04,044 (28.06%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 61,96,213 (46.94%) | NA |
| NII (HNI) Shares Offered | 19,79,996 (15.00%) | NA |
| − bNII > ₹10L | 13,19,905 (10.00%) | 340 |
| − sNII < ₹10L | 6,60,091 (5.00%) | 170 |
| Retail Shares Offered | 13,19,905 (10.00%) | 4,765 |
| Total Shares Offered | 1,32,00,158 (100.00%) |
Plaza Wires IPO raises ₹20.00 crore from anchor investors. Plaza Wires IPO Anchor bid date is September 27, 2023. Plaza Wires IPO Anchor Investors list
| Bid Date | September 27, 2023 |
| Shares Offered | 37,04,044 |
| Anchor Portion Size (In Cr.) | 20.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 8, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 7, 2024 |
Plaza Wires IPO opens on September 29, 2023, and closes on October 5, 2023.
| IPO Open Date | Fri, Sep 29, 2023 |
| IPO Close Date | Thu, Oct 5, 2023 |
| Tentative Allotment | Mon, Oct 9, 2023 |
| Initiation of Refunds | Wed, Oct 11, 2023 |
| Credit of Shares to Demat | Thu, Oct 12, 2023 |
| Tentative Listing Date | Thu, Oct 12, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 5, 2023 |
Investors can bid for a minimum of 277 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 277 | ₹14,958 |
| Retail (Max) | 13 | 3,601 | ₹1,94,454 |
| S-HNI (Min) | 14 | 3,878 | ₹2,09,412 |
| S-HNI (Max) | 66 | 18,282 | ₹9,87,228 |
| B-HNI (Min) | 67 | 18,559 | ₹10,02,186 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, Plaza Wires Limited is engaged in the business of manufacturing and selling wires, and selling and marketing LT aluminium cables and fastmoving electrical goods (FMEG) under its flagship brand "PLAZA CABLES" and home brands such as "Action Wires" and "PCG".
Plaza Wires was originally incorporated as Navratna Wires. Its key products in the wires and cables segment include house wires, single & multicore round flexible industrial cables and industrial cables for submersible pumps & motors up to 1.1kv grade. The company also provides other wires and cable products such as LT power control cables, TV dish antenna co-axial cables, telephone & switchboard industrial cables, computer & LAN networking cables, close circuit television cables and solar cables, PVC insulated tape, and PVC conduit pipe & accessories, through third-party manufacturers.
As part of after-sales service for electric fans, the company has tied up with more than 20 service centers in Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Punjab, Haryana and Tamil Nadu. In 2021, Plaza Wires expanded its product portfolio by launching miniature circuit breakers and distribution boards (DB) in the north and south Indian regions.
As of March 31, 2023, the company has over 1249 authorized dealers and distributors, 3 branch offices in Rajasthan, Uttarakhand, and Uttar Pradesh, 1 branch office cum godown at Maharashtra, 4 warehouses in Uttar Pradesh, Assam, Kerala and Delhi, and C&F agent in 1 state, viz. Punjab.
Plaza Wires Limited's revenue increased by 3.2% and profit after tax (PAT) rose by 26.13% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 112.10 | 104.17 | 99.28 |
| Total Income | 182.60 | 176.94 | 145.60 |
| Profit After Tax | 7.51 | 5.95 | 4.24 |
| Net Worth | 53.08 | 45.52 | 39.48 |
| Reserves and Surplus | 22.53 | 14.96 | 35.66 |
| Total Borrowing | 39.68 | 40.09 | 43.30 |
| Amount in ₹ Crore | |||
The market capitalization of Plaza Wires IPO is ₹236.26 Cr.
| KPI | Values |
|---|---|
| ROE | 14.15% |
| ROCE | 15.57% |
| Debt/Equity | 0.75 |
| RoNW | 14.16% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive segment with many big players around. It marked steady growth in its top and bottom lines for the reported periods, the issue appears fully priced based on its FY23 earnings. Considering its expansion plans, investors may park funds for the medium to long-term rewards. Read detail review...
| Listing Date | October 12, 2023 |
| BSE Script Code | 544003 |
| NSE Symbol | PLAZACABLE |
| ISIN | INE0INJ01017 |
| Final Issue Price | ₹54 per share |
Plaza Wires Ltd.
A-74 Okhla Industrial Area,
Phase-2 New Delhi
South Delhi - 110020
South Delhi, New Delhi
Phone: 011-66369696
Email: compliance@plazawires.in
Website: https://www.plazawires.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: plazawires.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Plaza Wires IPO is a main-board IPO of 1,32,00,158 equity shares of the face value of ₹10 aggregating up to ₹71.28 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 277.
The IPO opens on September 29, 2023, and closes on October 5, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Plaza Wires IPO using UPI as a payment gateway. Zerodha customers can apply in Plaza Wires IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Plaza Wires IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Plaza Wires IPO opens on September 29, 2023 and closes on October 5, 2023.
Plaza Wires IPO lot size is 277, and the minimum amount required for application is ₹14,958.
You can apply in Plaza Wires IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Plaza Wires IPO will be done on Monday, October 9, 2023, and the allotted shares will be credited to your demat account by Thursday, October 12, 2023. Check the Plaza Wires IPO allotment status.
The Plaza Wires IPO listing date is on Thursday, October 12, 2023.
Useful Articles
RHP